31 votes
The Artist
Posted 19 May 2014 - 11:41 AM
Argento, Any feedback from Investing.com about live prices on T40F? I mailed them twice.... Nothing
Spoke to them this morning again, they said the weekly timeframe will be fixed but still looking into the live pricing as it is a problem from the source..will update once they let me know!
A
"Never never never give up!"
Sage
Posted 19 May 2014 - 11:39 AM
So this board's overall sentiment is a turning point is nigh. Sounds very much the same as most of last year. I am not being defiant and I am also pro- this uber-drop, but I believe there needs to be balance and in this instance, the balance is that a drop could occur anytime, but for now, using haphazard IG charting, one really has to be almost.. creative in seeing a pro-longed downtrend using bigger timeframes.
A directional-bias makes it difficult to spot the real trend. I am just wording this, there might be one or two individuals who might see merit in this post and that is good then.
Beginning of last week my top was at 44200, but then I rescinded it and positioned it at 447## (for this week). That figure was breached, ever so slightly last week late. Depending how the US plays out, those two J200 tops still has some meaning to me. It would be nice if I knew which one though. I am not willing to play a 500 point stop between them, so will see if 44200 holds and if so, 447## will be short entries for me. If not, then I would want 44200 to drop significantly, before a short-leg is on and this AM’s movement is showing 44000 is a nice square line in the sand.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Newbie
Posted 19 May 2014 - 11:38 AM
The Artist
Posted 19 May 2014 - 11:32 AM
We need to crack channel support at 43980cash 44150 Futures...and then we go to 43660
The cat is back....
A
"Never never never give up!"
Advanced Member
Posted 19 May 2014 - 11:28 AM
No im not playing nickel or kumba...Im playing the alsi top40 ig cash and I know for sure the effect of AGL and BIL on the top 40!!
Also, I have a feeling there is a stronger correlation between the AGL share price and US 10yr than AGL and the nickle price?
Advanced Member
Posted 19 May 2014 - 11:18 AM
No im not playing nickel or kumba...Im playing the alsi top40 ig cash and I know for sure the effect of AGL and BIL on the top 40!!
Touche!
The Artist
Posted 19 May 2014 - 11:09 AM
Looking at some other charts to find out where the US stands it also shows they are in trouble, you will get a lot of chart pundits calling for this sideways tuning bullish but always best to take lots of things in consideration, some believe we are in the same situation as 2012 with the Nasdaq but don't underestimate cycles and 2014 shows a big one down!Your charts is your nr 1 indicator....!
Going back to see what happended when QE programs ended...expect the worst to come around August/Sept with QE3 (the biggest of them all) coming to an end!
A
Last chart...TLT bonds is a very important indicator, if funds are flowing out of stocks it goes into bonds...on the graph you can see what important downtrend line was breached and a big warning to this bullrun...changes are very good the whole 2013 run since June will be given back!
A
"Never never never give up!"
The Oracle
Posted 19 May 2014 - 11:08 AM
If you want to play the nickel price my friend then GLEN is the share...weakness in iron ore outweighing the positives of nickel in the case of AGL and BIL
No im not playing nickel or kumba...Im playing the alsi top40 ig cash and I know for sure the effect of AGL and BIL on the top 40!! 
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Artist
Posted 19 May 2014 - 10:58 AM
Looking at some other charts to find out where the US stands it also shows they are in trouble, you will get a lot of chart pundits calling for this sideways tuning bullish but always best to take lots of things in consideration, some believe we are in the same situation as 2012 with the Nasdaq but don't underestimate cycles and 2014 shows a big one down!Your charts is your nr 1 indicator....!
Going back to see what happended when QE programs ended...expect the worst to come around August/Sept with QE3 (the biggest of them all) coming to an end! 
A
"Never never never give up!"
Advanced Member
Posted 19 May 2014 - 10:40 AM
Lets wait and see...and when I say resources in TOP 40, I only mean BIL and AGL!!
Go check the nickel price this morning...closely linked to BIL share price!!
If you want to play the nickel price my friend then GLEN is the share...weakness in iron ore outweighing the positives of nickel in the case of AGL and BIL
The Artist
Posted 19 May 2014 - 10:24 AM
No pop...200 might be the high..all my longs are closed now..just gonna run my shorts from here on in
Think you are right..this cat has no legs...also holding my kitchensink shorts for the red tide coming this week!
A
"Never never never give up!"
Master
Posted 19 May 2014 - 09:34 AM
With this mornings new low the positive divergence (60min) is just stronger so should see a good bounce today (will add shorts)...I reckon back to 44600ish on TOP40F!
But don't be fooled by this dead cat bounce, last week's strong bearish reversal candle is dictating the trend now, and it is down!
Ralph Acampora the godfather of all TA's said he has a sick feeling of the indexes now and a stealth bear cycle has already begun!
A
Welcome back A! Hope you stocked up on the good stuff in CT!
As you said, massive reversal candle on Thursday. I'll use that high (plus a bit) as my S/L on any shorts that I pile on as she goes up.
Licking my chops for the action to come!
Prosperous trading.
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
The Artist
Posted 19 May 2014 - 09:24 AM
Already positive divergence on some timeframes and Monday being Monday I think going to see an early dead cat bounce!
A
With this mornings new low the positive divergence (60min) is just stronger so should see a good bounce today (will add shorts)...I reckon back to 44600ish on TOP40F!
But don't be fooled by this dead cat bounce, last week's strong bearish reversal candle is dictating the trend now, and it is down!
Ralph Acampora the godfather of all TA's said he has a sick feeling of the indexes now and a stealth bear cycle has already begun!
A
"Never never never give up!"
Master
Posted 19 May 2014 - 09:21 AM
Don't think so...Watch resource shares holding market up or sideways!!
Great call, HDB!
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 19 May 2014 - 09:20 AM
IG CASH
"Veni, vidi, vici"
Posted 19 May 2014 - 09:09 AM
classic!! 
100p score and great start to the week..44000-44100
“melior diabolus quem scies”
The Oracle
Posted 19 May 2014 - 08:53 AM
Can't see Resi holding up this market...profit taking in Resi started last week and should continue this week...market worried about iron ore price anD there is on average 30% downside to concensus earnings for Resi if you plug in spot...seasonally this is also the weak period of the year for Resi
Lets wait and see...and when I say resources in TOP 40, I only mean BIL and AGL!!
Go check the nickel price this morning...closely linked to BIL share price!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Advanced Member
Posted 19 May 2014 - 08:51 AM
Don't think so...Watch resource shares holding market up or sideways!!
Can't see Resi holding up this market...profit taking in Resi started last week and should continue this week...market worried about iron ore price anD there is on average 30% downside to concensus earnings for Resi if you plug in spot...seasonally this is also the weak period of the year for Resi
Little Master
Posted 19 May 2014 - 08:32 AM
It looks to me like the bulls pockets might get picked today, I'm holding my shorts
Also holding shorts.
I like the chart you posted on Friday
A bounce after the break of that neckline will see me throw the rest of my kitchen sink.
